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U-Haul Buys Former Dominick's Site, Shopping Center in Lake in the Hills for $5 Million

Posted: 4/27/2018 Link: NWHerald.com
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A portion of the former Dominick's building in Lake in the Hills is expected to be designated for self storage space.

U-Haul International, Inc. won the final bids in an online auction March 21 and closed on the property Monday, Village Administrator Jen Clough said.

"Over course of the last two weeks, staff has met with U-Haul representatives three times and had some productive discussions with them, collaborating on some possible uses of the property that go beyond self storage," Clough said.

The corporation bought the Centre at Lake in the Hills shopping center at Randall and Algonquin roads for $5.05 million in the online auction in March.

"We are having positive discussions. We have a couple of retailers that we know that are highly interested in partnering with U-Haul to utilize the property," Clough said.

The property included a main building that is 72,385 square feet, as well as 10,346 square feet of small shopping stores attached, including GNC, H&R Block and Miracle Ear.

Another building north on Randall Road contains 16,720 square feet of space. Its tenants include Einstein Bros. Bagels, Yumz Gourmet Frozen Yogurt and Jersey Mike’s Subs.

Clough said she anticipates U-Haul to present concept plans or renderings to the Village Board on May 8 for consideration before moving forward with a formal hearing process through the Planning and Zoning Commission.

Rumors have circled about Aldi’s intent to move into 22,000 square feet of the vacant Dominick’s site. Aldi’s Batavia division Vice President Laura Branneman said in March there were no updates regarding a new store.

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